THE ASSOCIATED PRESS
The Kentucky Public Service Commission has approved a base rate increase for Kenergy Corp. that will amount to a $2.50 increase in average monthly residential bills.
The action Thursday approved a settlement allowing Kenergy to adjust its base rates to increase annual revenue by about $1.8 million, or approximately 0.4 percent. Kenergy had requested an increase of about $2 million.
The settlement with Kentucky Industrial Utility Customers Inc. doesn't affect adjustments Kenergy will make to pass through an increase in the wholesale cost of electricity it buys from Big Rivers Electric Corp. The PSC approved that increase separately Thursday.
The combined wholesale and distribution rate changes will increase the average monthly residential bill by $7.21, or 6.8 percent.
